conor04045161@alien.topB to EntrepreneurEnglish · 10 months agoHow are you doing bookkeeping if you are 1-5 mil annual revenue?message-squaremessage-square66fedilinkarrow-up11arrow-down10file-text
arrow-up11arrow-down1message-squareHow are you doing bookkeeping if you are 1-5 mil annual revenue?conor04045161@alien.topB to EntrepreneurEnglish · 10 months agomessage-square66fedilinkfile-text
minus-squaremarcsikk@alien.topBlinkfedilinkEnglisharrow-up1·10 months ago5 mil revenue is considered small? Hire someone to do it
minus-squareStoneMaus@alien.topBlinkfedilinkEnglisharrow-up1·10 months agoA lot of restaurants do $5m per year in sales but the margins are incredibly low so it doesn’t seem like that big of an operation.
minus-squarergtong@alien.topBlinkfedilinkEnglisharrow-up1·10 months agoI believe the definition of small business is <$10m
minus-squareUsed_Negotiation_354@alien.topBlinkfedilinkEnglisharrow-up1·10 months agoYes - The North American Industry Classification System defines small business by firm revenue (ranging from $1 million to over $40 million) and by employment (from 100 to over 1,500 employees).
minus-squareOnewordTTV@alien.topBlinkfedilinkEnglisharrow-up1·10 months agoSo if you are under 100 employees you aren’t even a business? What are you? A gang? Lol
5 mil revenue is considered small?
Hire someone to do it
A lot of restaurants do $5m per year in sales but the margins are incredibly low so it doesn’t seem like that big of an operation.
I believe the definition of small business is <$10m
Yes - The North American Industry Classification System defines small business by firm revenue (ranging from $1 million to over $40 million) and by employment (from 100 to over 1,500 employees).
So if you are under 100 employees you aren’t even a business? What are you? A gang? Lol